Critical support broke at 12,134 so I'm free to step into shorts. Strong support at 12,090 so a bounce from there will suffice. The wave count is extending so I believe we are in the 5th wave now.
Looks like the EURO might have finally reached its upper end of the re-tracement. On a side note... on the daily chart you can draw a line from November 2010 highs through today's; seems the market is treating that line as somewhat important.
Steve
ReplyDeleteThe RUT got stopped cold at the 50 day. It has held going back to early Sept.
Jack C
Steve
ReplyDeleteLooks like the EURO might have finally reached its upper end of the re-tracement. On a side note... on the daily chart you can draw a line from November 2010 highs through today's; seems the market is treating that line as somewhat important.
DennisP
Everything OK? I worry about you when you suddenly stop posting.....
ReplyDeleteSorry CJ. I had to drive Margie to Albuquerque and was in waiting mode for the stock market. She went in for her first post-op.
ReplyDelete